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20121212
20121212
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MSNBCW 8
CSPAN 6
COM 4
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CSPAN2 2
CNBC 1
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KQED (PBS) 1
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English 28
Search Results 0 to 27 of about 28 (some duplicates have been removed)
MSNBC
Dec 12, 2012 9:00am PST
of this and negotiate on the debt ceiling. two questions, one, will any agreement come out for the fiscal cliff leave the debt ceiling unresolved, and, two, what would you even negotiate on the debt ceiling, should that be something that republicans force your hand on? are you with the president who says we need to kick them of that habit and never negotiate on raising the debt ceiling again? >> i think the president is right. the debt ceiling ought not to be a negotiable item. i don't know of anyone who agrees not putting america's credit worthiness at risk, saying to the world that america has incurred debt but is not going to pay them, is an alternative. i don't think that's -- i think senator mcconnell doesn't believe that, senator reid doesn't believe it, congresswoman pelosi doesn't agree, i don't agree, the majority leader doesn't agree with that. this ought not to be an item of negotiations or a leverage item, as i would hope speaker boehner would take that off the table as some sort of leverage item. what the president has suggested, take senator mcconnell's suggestion. the president would s
MSNBC
Dec 12, 2012 3:00pm PST
will be on this massive, $60.3 trillion debt, this fiscal cliff. but, most importantly, this debt crisis next year. i'm not talking about what's going to happen in february or january. what i want to talk about is how do we solve this problem? how do we get the speaker? and the president actually opened up that back door. they're sitting there making back room deals. open up and let the american people see what's going on. i want to see what's going on. they won't tell either side what the deal-making is going on. i don't think that's the way to make policy. >> now, as you said, you and i may not agree. we've debated on this show, though you've always come on. are you saying that you believe that speaker boehner has a score card and is punishing you and three others for standing up and voting for what you believe to be right? >> that is apparently the case. we wrote a letter to the speaker and i think if you read the language of the letter, you walk through all of the washington and you see oh, yes, there was a score card and we were graded a certain way, graded down because we wanted to balance the
MSNBC
Dec 12, 2012 1:00am PST
if you think the fiscal cliff is fun, you'll love the debt ceiling. the economic havoc that is wreaked by the fiscal cliff is a very gradual thing, as you and have i discussed. going over it is a mistake. we shouldn't do it. but at least initially, if we can reverse it, it won't be so bad. if you default on the nation's debt on our treasury bills, that's not a fiscal slope. that's a cataclysmic economic event. not only are you stiffing creditors who believe they have invested in the safest debt in the universe, you're actually threatening to have to raise our interest rates through the roof in order to service our debt, which means absolutely a long-term recession. it's really quite a fatal step. >> "the wall street journal's" reporting that the white house is willing to do corporate tax reform in their new proposal. what do you think than in what do you think that might mean? >> i think it's a neat idea. the white house is actually articulated a fairly detailed corporate tax idea in a white paper that didn't get enough attention a few years ago. and it's very much in the spirit of thi
CSPAN
Dec 12, 2012 1:00am EST
a fewtoday we are going to talk about three issues briefly. one is that fiscal cliff, to is the debt ceiling. three is the so-called big deal that has to be done on our debt and deficit. unfortunately those issues, convoluted, especially in this town. they are distinct. the impact each other but they are distinct. this fiscal cliff is an artificial state. congress came in, said this law expires on this date. they extended it wants. they put in the sequestration. it is a date. all they have to do is extend the date and allow themselves time to discuss the issues. instead they are putting it all into a lame duck session. that is a problem. sometimes it leads to bad policy. the fiscal cliff can have real consequences. cbo has said that it would cause a recession if we were to go off the fiscal cliff. i do not dispute that i do point out that in 1993 when these taxes were first put in, many said they will cause a recession. they did not. the economy is improving on its own right now. and getting some much stronger. the impact of the fiscal cliff, while not something to be encouraged, may not be
MSNBC
Dec 12, 2012 2:00pm PST
in the debt ceiling debate or the fiscal cliff negotiations that neither side will give and they're both being unreasonable. and really not drilling down. the other thing they do is they really go back to newt gingrich and grover norquist. as you've talked about both these things, changing the culture of washington and making compromise impossible. >> here's something really naughty, i think in terms of policy. who can forget back in august not a million years ago when the romney pollster neil newhow said the following. we're not going to let our campaign be kick a at a timed by fact checkers. think about that. fact checkers meaning facts. >> right. >> i was on the show with you the other night. we talked about the quotes of the year. 47%. >> that's a good one. >> i thought this should be the top two of three. that showed their view towards reality. it was an arrogance that we can say whatever we want to say. and i think in years past, this is what's changed. campaigns would not be so brazen. if caught in a lie they maybe feel some shame. here's neil newhouse telling reporters that we don't ca
Comedy Central
Dec 11, 2012 11:30pm PST
. debt deal negotiations have stalled. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's on him! (laughter) because i know some republicans who had their eyelids surgically removed. (laughter) (cheers and applause) now obama won't budge off his calls for $1.6 trillion in new tax revenue over the coming decade, mostly from increasing tax rates and taxes on upper-bracket earners. folks, that's just punishing our nation's job creators. america's billionaires are the engine that drives our economy through smart investments! and occasionally through dumb ones. (laughter) today house speaker john boehner struck back with his plan to cut spending by demanding obama come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the pr
MSNBC
Dec 12, 2012 12:00pm PST
on the economy. white house wants at the very least a long-term extension of the debt ceiling in any fiscal cliff deal. the republicans now see the debt ceiling as their own leverage. they're demanding a steep price to include it. who anyways if obama will ultimately go along with something like this. but it is a talk that there is still one crucial way he's at the mercy of republicans. it leaves him with a tough choice. to pay their price in entitlements or play debt ceiling chicken with them again. okay. does it for "the cycle" today.
FOX Business
Dec 11, 2012 11:00pm EST
from now we'll have a worse fiscal cliff. we have a 16 trillion-dollar debt. these tax increases do nothing to self, you have 200,000 less jobs next year for, that those who vote for that will be held responsible for that decision. neil: is it terrible public policy if you leave off the table. what accounts the majority of spending off the table. if you leave out medicare, and medicaid, and don't even pry to brid up -- try to bring up social security, 8 democratic members and congressmen marked that, d't touch these entitlements, one of next. s. i was always interrupting my teammates. earlier in my career, my coach approached me. he said, "i think that, you know, sometimes i don't feel like you're focused." it was my adhd. like many kids with adhd, i didn't outgrow it. if you were diagnosed with adhd as a kid, you might still have it. find out more. take a quiz at ownitquiz.com to help recognize the symptoms. then talk with your doctor. it's your adhd. own it. >> the cuts to medicaid are not the solution. medicaid and medicare, we can discuss that later. don't make medicare and medi
Comedy Central
Dec 11, 2012 7:30pm PST
game over the fiscal cliff. one of the pieces they're moving around the board is the debt ceiling. president obama recently said that he, the president, should have the authority to raise the debt ceiling not the congress. they use it as a bargaining chip. that's not rye. senate minority leader mitch mcconnell knows what that means >> the president of the united states, now he's asking for an unlimited -- unlimited -- authority to borrow whenever he wants to for whatever amount he wants to? >> jon: (musming) all right. so the senator clearly doesn't know what the debt ceiling means. the debt ceiling is a control imposed on the treasury department by congress in order to, you know, is there just some well informed and respected authority that can explain what the debt ceiling is >> it gives the government permission to pay back the money we already borrowed >> jon: totally right. i didn't understand it because he was talking too fast but i think he's [bleep] right. and i like that lady too. i don't know her. even if senator mcconnell doesn't understand the debt ceiling he does unde
CSPAN
Dec 12, 2012 6:00am EST
discussing hopefully some of these issues. [inaudible] >> the short run problems of the fiscal cliff, but we're going to do with this debt and deficit issue and take time to summarize how we should look at these issues. i will start with david on the far side and move right across. >> thank you for coming. first, there are common denominators between the challenges at the federal, state, and local levels. some are inadequate but the controls, escalating health care costs, huge unfunded and off balance sheet obligations and outdated tax systems. other factors -- demographics, and infrastructure, state of the infrastructure, etc. with regard to the federal government, there is a lot of attention on the so-called fiscal cliff. i think here everyone knows what that relates to. that is really more the system. it is not the disease. but washington typically does, it focuses on some things rather than the disease. we need to avoid the fiscal cliff. we need to recognize reality. there is only so much that can be done the balance of this year. we need to do a credible down payment and build a bridge
FOX Business
Dec 11, 2012 8:00pm EST
, and cut a deal that hurts growth,o from a year from now we'll have a worse fiscal cliff. we have a 16 trillion-dollar debt. these tax increases do nothing to self, you have 200,000 less jobs next year for, that those who vote for that will be held responsible for that decision. neil: is it terrible public policy if you leave off the table. what accounts the majority of spending off the table. if you leave out medicare, and medicaid, and don't even pry to bridge up -- try to bring up social security, 8 democratic members and congressmen marked that, don't touch these entitlements, one of next. ♪ [ gine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter ent back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. >> the cuts to medicaid are not the solution. medicaid and medicare, we can discuss that later. don't make medicare and medicaid a part of this fiscal reduction program. >> we're not budging on medicare, and we're not bud
CSPAN
Dec 12, 2012 7:00am EST
that in the summer of 2011, we nearly went over the fiscal cliff by not paying our debts. that caused our bonds to be downgraded because we had an element within the republican conference that was willing to take us to the cliff and hold us hostage. when you look back and see historically that the debt ceiling was raised 17 times, under ronald reagan and eight times under george h. w. bush canada seven times under bill clinton and six times under george w. bush, really it is honoring the full faith and credit of the u.s. government. , iaching that to a debt understand ideologically why people might want to do that, but why would you take the nation to this process? there was a passage of a special select committee. that select committee, if it did not respond with further cuts and tax increases, would seek a so-called sequestration comoe spending domestic and military spending. already in congress we obscene that while the cuts have been made on the military side, some would say there's more to come and on the domestic side and others would argue there's more to come there, the cuts have been s
Current
Dec 11, 2012 5:00pm PST
problems, you have another go at it. you whack the budget in order to avert the fiscal cliff. now let's whack it again. even below what we agreed to. in order to avert fiscal disaster by not raising the debt ceiling. he said he won't indulge in that. unfortunately, the president has also said he won't use or threaten to use the implicit authority many constitutional scholars think the president has to ignore the debt ceiling because the 14th amendment provision that says the full faith and credit of the united states will not be questioned. >> eliot: i wanted to pick up on that threat because while i'm not persuaded you would win that argument, it is a powerful argument. why do you think the white house took that issue off the table? they certainly could have used it as a negotiating ploy lingering out there saying look, pursuant to the constitution you just cited the provision the president must act to protect the full faith and credit of the united states. therefore i -- why did he not use that as a more powerful weapo
CSPAN
Dec 12, 2012 1:00pm EST
different issues. the president is address the fiscal cliff, we're dealing with the debt and deficit. this is not about getting through this next month, this is about trying to solve the issues that we face as a nation today and that is the debt and deficit that we face. the president is very fond of talk about the math. let me give you a few things dealing with the math. 2012 will be the third highest revenue receipt into the united states government ever in the history of our nation. the third highest revenue ever received in the hithsroif the united states is coming in in 2012. in this down economy, as paychecks are smaller, federal revenue continues to increase. the president is very focused on trying to get the clinton tax rates but he ignores the clinton level of spending. what we've got to address is a trillion dollar deficit here. if wrp back at the clinton level of spending this would solve the issue that we're dealing with today. so we've got to find a way to address the real driver and real issue that we're facing, that is the spending. until we address that, it's not goin
FOX News
Dec 12, 2012 8:00am PST
of waste that we need to focus in on. the president is trying to solve the fiscal cliff, we are trying to solve the debt and the deficit. jenna: you have a fresh look at things. what do you think the leadership that exists now that is negotiating this that may be more entrenched in politics than you have been, what kind of advice would you give them. >> we are able to say to leadership and the leadership is able to listen from their own constituents instead, i'm from central oklahoma. the key thing that comes up over and over again is we have to deal with the debt and deficit. we hear the noise of that maybe closer to the ground and that is a good thing to be able to share. when you've got a trillion dollars of over spending we've got to deal with a trillion dollars of over spending. jenna: you came in fresh in 2010, you signed up for a second turn at this. >> there are a few things left to lee solve, let's get on with them. jen congratulations on a second term. thanks for coming into the studio. jon: a murder in broad daylight on a busy street in manhatten. new york police are releasi
FOX Business
Dec 12, 2012 4:00pm EST
will buy it. >> it is for now. at least somebody is staying transparent. what the fiscal cliff come essentially if you don't know what is going to happen, it is pretty good to have the fed to say we will continue to inject liquidity into the market, we are not as concerned about the market and we will make certain economic growth continues right now. liz: when does it stop, eugene? it just seems like it'll be very hard to exudate ourselves from the pillow read the half-life is really running out, it is like a heroine addict, you're not you t getting the same path. >> i would agree with you, easy money is very attractive, but there is no one logic. some of the confusion, look at the companies accelerating their dividend payment, there's only one thing, corporation balance sheets are strong, they have the cash to support. that could have been used for investment and they still think once we could get some clarity around what the tax scenario is going to be, we get some clarity on what fiscal policy is going to be, corporations will begin to reinvest again. david: as you just said esse
MSNBC
Dec 12, 2012 11:00am PST
it up into smaller bills. in a sense what we are talking about with the fiscal cliff where there may be a deal on tax rates and later next year deal with entitlements in the deficits and debt ceiling and the other issues facing us. would you support backing away from a comprehensive legislation to perhaps piece meal it together or are we past that at this point with so many millions of people in the country illegally? >> there is a consensus growing that piece meal doesn't work. every time we had an individual element of the comprehensive immigration reform and taken one piece and putting it on the floor, it becomes where everybody else wants to add on. if you put ag jobs on the floor for the agriculture industry, the high tech industry said wait a minute, we need visas for high tech workers. site food industry said we need the low visas for ship hands. then you have the hotel and restaurant industry. you have a series of elements that become a demand. you are back to trying to solve the problem comprehensively. there is a agreeing consensus that we have to achieve through comprehens
CNBC
Dec 12, 2012 9:00am EST
speaker john boehner who is making an announcement on the fiscal cliff right now. >> his promise to bring a balanced approach is mainly tax hikes. and does not solve our debt crisis, it increases spending. our plan meets these standards, cuts spending and paves the way for real job growth in our country. in the five weeks since we've signaled our willingness to forge an agreement with the president, he's never put forth a plan that meets these standards. and frankly, it's why we don't have an agreement today. the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff, and the more american jobs are placed in jeopardy. >> good morning. the president has said on a daily basis that we should be passing a balanced plan. but what we hear from the president is continuing only discussion on one side of the ledger. it has always been about tax rate increases, and nothing about spending. and we insist, say, look, mr. president, let's talk about a balanced plan, but where are your specifics on the spending cuts? even his own advisers say that any kind of
CSPAN
Dec 12, 2012 12:00pm EST
of the opportunity we have now with the fiscal cliff debate to bring attention to it because i don't think it's getting enough attention. there's no greater threat to america's growth and prosperity than our uncontrolled national debt. currently the country posts -- country's debt exceeds $16 trillion. we face the so-called fiscal cliff that could send our economy into another recession. in these difficult times we're challenged by people we represent to find real solutions, not short-term band-aids. as we move forward, it's clear that we must discuss spending. emphasize that word "spending." i know that president obama is hyperfocussed on increasing taxes as part of his deficit-reduction proposal, and i think the the election shows that he's legitimate in doing that. but he could have really declared victory about three weeks ago and in the three weeks since then spend time talking about the expenditure side of the ledger. because if we're going to be serious about reducing our debt, we must talk about spending. not some time next year, not only after we talk about taxes. we must talk about
PBS
Dec 12, 2012 3:00pm PST
and get engaged in the fiscal cliff and making decisions. and they're using a lot of twitter and other social media to make their point. >> ifill: they tweeted "when politicians delay, young people pay, it's time to fix our debt." is this effective? >> well, the former senator told us he was making a fool of himself. >> ifill: he didn't know he was doing a popular dance. >> no, he did. >> he said it was like riding a horse. >> he and erskine bowles have been saying this for a couple years. so now this group, the can kicks back and the committee for the responsible budget and other groups are using twitter and social media as a way of reaching out, promoting their message and trying to engage younger people might not watch the public affairs shows. >> the thing that -- when we talked to them today they said their goal is to get a petition to congress and to the president and right after seeing the alan simpson video, they had 2,100 young folks signed up. but more importantly they have 310,000 signatures together, put together. >> ifill: you mentioned the committee for responsible federa
CSPAN
Dec 12, 2012 10:00am EST
campaign for re-election, the president called for a balanced approach to solve the fiscal cliff crisis. unfortunately, the plan his administration submitted to congress does not include the spending cuts necessary to address our nation's $16 trillion national debt. according to the senate budget committee ranking member, jeff sessions, staff calculation of data from the congressional budget office and the office of management and budget, the president's plan suggests that roughly 75% of $1.2 trillion in new revenue be directed to new spending instead of deficit reduction. the fiscal cliff must be averted to protect our economy for future generations. yesterday, house speaker john boehner asked the president to identify specific cuts he's willing to make for a balanced approach. i hope the president will take immediate action so progress can be made for a bipartisan solution. in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. the speaker pro tempore: the time of the gentleman has expired. the chair recognizes the gentleman from new
CSPAN
Dec 12, 2012 9:00am EST
the arrangement created between the white house and congress during this fiscal dilemma where we raise the debt ceiling by one dollar or every dollar in cuts that are made, i think that's an appropriate arrangement for us until we get through this fiscal cliff issue. again, what i'd rather see happen is that we just deal with that all right now and we start off next year with people know that's done. since it looks like every day that goes by it looks like it's increasingly unlikely that that's going to happen, i wanted to offer a proposal today for the leadership of the senate and that is since it looks like the debt ceiling could be coming up early next year, as a matter of fact, it may coincide very closely with the continuing resolution so there's two, if you will, moments in time where we've got to make big decisions here for our country, i would offer that we go ahead and begin the process of the debt ceiling and i would make the proposal that the first roughly $1 trillion, $900 billion to $1 trillion in raises in the debt ceiling are accompanied by $900 billion to $1 trillion in cuts in
CNN
Dec 12, 2012 6:00am PST
for the american people. >> as the debate continues over the fiscal cliff, i'm reminded once again, you know, and i think it's important that we remember that washington doesn't have a revenue problem, it has a spending problem. and you look at the record debt that's been accumulated over the last four years, the projections are pretty startling over the next ten years as the trillion-dollar deficits as far as the eye can see, a nearly doubling of our debt. you know, two years ago, we had a baby girl born, and at that time, her share of the national debt was $45,000. and on the current track, by the time she gets in high school, her share of the national debt will be $100,000. $100,000 per child in this country. america deserves better. our children deserve better. and that's why we're not just after the quick fix. we're after a real fix. we want -- this is our moment to lay out that framework, to address tax reforms, to address the spending reforms that america -- >> and that is kathy mcmorris rogers, another republican ranking member. house speaker john boehner spoke first and it was very importa
Search Results 0 to 27 of about 28 (some duplicates have been removed)